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Europe Gasoline/Naphtha-Gasoline crack spreads dip on slow trading

ReutersDec 8, 2025 5:32 PM

- Northwest European gasoline refinery profit margins fell by 57 cents to $14.44 a barrel on Monday as trading liquidity fell.

  • About 10,000 metric tons of Eurobob E5 gasoline traded on barges on Monday, down from 18,000 tons on Friday, as Glencore and Equinor sold to Gunvor, Aramco Trading and Exxon Mobil.

  • No Eurobob E10 gasoline barges traded for a second consecutive session.

  • India's fuel consumption climbed to a six-month high in November, rising 5.5% from October to 21.27 million tons, according to data from the oil ministry. Sales of gasoline totalled 3.52 million tons, easing 4.1% from October but 2.6% higher than the same month last year.

  • China's annual car sales dropped 8.5% in November in a second straight monthly decline, for their biggest fall in 10 months, data showed on Monday, amid a waning scramble to buy vehicles before government subsidies dwindle at year-end.

  • Exxon Mobil XOM.N, Saudi's Aramco 2222.SE and Samref on Monday signed an agreement to evaluate a significant upgrade of the Samref refinery in Yanbu, and an expansion of the facility into an integrated petrochemical complex.

  • EU and UK gasoline exports to other regions hit 948,000 barrels per day last month, broadly steady from October levels, Kpler data shows. December exports along the route are so far tracking at 288,000 bpd.

Trade

Bid

Offer

Prev.

Seller

Buyer

Ebob Barges MOC Platts E5

(fob ARA)

EUROBOB-ARA

Ebob Barges E10 Platts (fob ARA)

Ebob Barges Argus E5 (fob ARA)

$648.75 (10KT)

$654.25-662.25 (18 KT traded)

Equinor, Glencore

Gunvor, Aramco Trading, Exxon Mobil

Ebob Barges E10 Argus (fob ARA)

$655.50 on 3KT (assessed)

$665.50 (3KT assessed)

Jan. swap (fob ARA)

$625.75

$635.75

Premium Unleaded (fob ARA)

PU-10PP-ARA

Cargoes

(fob MED)

Cargoes (cif NWE)

Naphtha

(cif NWE)

NAF-C-NWE

Ebob crack (per barrel)

$14.44

Prev. $15.01

Brent futures

LCOc1

Rbob

RBc1

Rbob crack

RBc1-CLc1

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